Appian (NASDAQ:APPN) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Appian (NASDAQ:APPN) announced its quarterly earnings data on Thursday. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.05 by $0.27, Briefing.com reports. The business had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $174.11 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Appian’s revenue was up 21.4% on a year-over-year basis. Appian updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Appian Price Performance

Shares of NASDAQ:APPN traded up $1.93 during trading on Friday, hitting $40.29. The company had a trading volume of 1,687,161 shares, compared to its average volume of 808,481. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of -402.86 and a beta of 1.77. The company has a fifty day simple moving average of $30.86 and a two-hundred day simple moving average of $30.42. Appian has a one year low of $24.00 and a one year high of $41.78.

Institutional Trading of Appian

A number of institutional investors have recently bought and sold shares of APPN. State of Wyoming bought a new position in Appian during the second quarter valued at $143,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Appian by 1.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 294,711 shares of the company’s stock worth $8,791,000 after acquiring an additional 4,301 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Appian by 456.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock worth $128,000 after purchasing an additional 3,513 shares during the period. State of Tennessee Department of Treasury bought a new position in Appian during the 2nd quarter valued at about $129,000. Finally, RPD Fund Management LLC bought a new position in Appian during the 2nd quarter valued at about $333,000. 52.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APPN has been the topic of a number of research analyst reports. Zacks Research cut Appian from a “strong-buy” rating to a “hold” rating in a report on Thursday. Barclays lifted their price objective on shares of Appian from $33.00 to $37.00 and gave the company an “underweight” rating in a research report on Friday. Cowen restated a “hold” rating on shares of Appian in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Appian in a research note on Wednesday. Finally, DA Davidson started coverage on shares of Appian in a report on Friday. They issued a “hold” rating and a $38.00 price target on the stock. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $35.80.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.